AllAnalyst Report
logoMorningstarOctober 21, 2020

Kingfisher plc: Shift Toward Home Improvement Spending Drives Resilient H1 for Kingfisher; Shares Fairly Valued

Consumer Cyclical
Current Price
Fair Value
Economic Moat

Kingfisher plc is a home improvement company with over 1,360 stores in nine countries across Europe. The company operates several retail banners that are focused on trade customers and general DIY needs. Kingfisher’s main retail brands include B&Q, Screwfix, and Trade Point in the United Kingdom and Castorama and Brico Depot in France. The U.K. and France are Kingfisher’s largest markets, accounting for 79% of sales. The company is the second-largest DIY retailer in Europe, with a leading position in the U.K. and a number-two position in France.

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Analyst Profile

Matthew Donen

Equity Analyst
Matthew Donen is an equity analyst for Morningstar Holland BV, a wholly owned subsidiary of Morningstar, Inc. He covers European industrials, focusing on engineering and construction, cement, and other infrastructure-related companies.Before joining Morningstar in 2020, Donen spent more than two years at Nedgroup Investments in Cape Town, South Africa, where he was a generalist international-equity analyst focused on U.K.- and U.S.-listed stocks. Prior to Nedgroup Investments, he worked at RisCura Fundamentals as a senior private equity analyst.Donen holds a bachelor's degree in finance and accounting from the University of Cape Town. He holds the Chartered Financial Analyst® designation and is a Chartered Accountant, completing his articles at Ernst & Young in Cape Town.